High-end residential developer financing and bridge loans
Looking for a bank-financed or privately placed construction loan, construction take-out loan, or fix and flip rehab loan? Take advantage of Insignia Mortgage’s long-standing relationships with lenders who close on time, make fast decisions, and honor their terms.
Bank Financed and Bridge Construction Loans
- Insignia Mortgage leverages the unique relationships we’ve developed with boutique commercial banks and private investors to underwrite 1-4 single family residence and apartment building ground up and value-add construction loans.
- The loan process is quick and does not require your tax returns to qualify. Instead, you provide a personal financial statement and work experience history as a property developer, as well as details about the professional team you’re hiring for your project. Loans are available from $1- 25 million. Letters of intent (LOI) are provided by the lender usually within 48 hours of a streamlined financial and project related package.
UP TO 25 MILLION1, 2
From my early career as a sales associate through my years as the owner of a successful Los Angeles-based real estate company, I gained solid respect for the important role a mortgage lender plays in the successful purchase of a residential property. In my experience, Insignia Mortgage consistently accomplished what others could not. I not only use the firm for my personal finance needs but unhesitatingly recommend Insignia to my friends and colleagues.
John Aaroe, Owner, John Aaroe Real Estate
I have done business with Chris Furie for over 20 years and I look to Chris and Damon to source financing on my most complex transactions that require an out-of-the-box lending solution.
Kurt Rappaport, Westside Estate Agency, Wall Street Journal #4 Ranked Realtor 2013
I want to thank you for your help in getting me my loan. You not only got me a great loan that I’m very happy with, but you stayed on it from beginning to end and made me feel very comfortable through the process. You are the best in the business and I would suggest you to anyone buying a house.
Jay Luchs, Newmark Grubb Knight Frank
For over 14 years, I have used Chris’ services to obtain mortgage loans for many of my high-end clients as well as my own mortgage needs. He consistently provides the best terms and rates available in the market place. I will continue to recommend him to my friends and clients in the future.
Joyce Rey, Executive Director Coldwell Banker Previews International
Chris is highly attuned to the needs of the borrower and tailors his loan recommendations accordingly. No matter how complex the terms may be, I can always count on Chris to deliver my clients the best deal possible, on time and without fail.
Jade Mills, Estates Director Coldwell Banker – Beverly Hills
Our Bridge Loan Program has the following added features:
Construction Take Out Loans
While not widely known, construction take-out loans are available for up to $25 million dollars. (Minimum $1 million dollars). Your project is expected to be near completion and loan amounts are limited to 60% of ‘as completed’ value.
Much like with loans for more traditional construction projects, a deep dive into your finances is not required. Rather, the focus is on the project costs and property valuation. That said, you are expected to have experience with property development and a professional construction team in place. Letters of intent (LOI) are provided by the lender usually within 48 hours of a streamlined financial and project related package.
Fix and Flip Rehabs Loans
Unlike construction loans, fix and flip loans offer higher leverage and a speedier process from application to funding, with most transaction closing in as little as 5 days and most transaction close within 10 days. Led by Noah Furie, an industry pioneer in the space, the expert team at Insignia is here to guide you through the streamlined fix and flip lending process, whether you’re a seasoned pro or a newer developer.
The Insignia Mortgage acquisition and fix and flip lending programs do not require tax returns. However, you will need to provide bank statements with the source of the down payment and three months of loan payment reserves. Loan amounts are available from $150,000 up to 1.5 million with leverage up to 90% of the acquisition price. Your Fico score must be above 650 to qualify for this program.
- Loans from $150,000 to $25 million.
- Interest-only loan fixed rate loan options and interest reserve for up to 30 months available including on construction and construction take-out loans.
- Loans available for LLCs, limited partnerships, corporations, and irrevocable trusts.
- Close as quickly as 7 days for fix and flip loans and 14 days for bridge construction loans.
- Custom loan structures available, including interest-only, limited recourse and cross-collateralized and blanket loans.
- No tax returns required to qualify for most products.
- Foreign borrowers welcome.
- No prepayment penalties.